Articles & Videos

How Does Year-End Tax Planning Look Different for 2020?

2020-10-27T14:31:46-05:00October 27th, 2020|BUSINESS TAX, INDIVIDUAL PLANNING, INDIVIDUAL TAX, SMALL BUSINESS, START-UP BUSINESS PLANNING|

Will year-end tax plans look different this year? Absolutely. “The future is uncertain” maxim holds true every election year, but the coronavirus has amplified the uncertainties inherent in this year’s election. Regardless of who controls the White House and Congress, we cannot avoid change; in the months that follow, government leaders will need to determine [...]

5 Savvy Black Friday Weekend Shopping Tips to Put In Your Bag

2020-10-27T13:22:51-05:00October 26th, 2020|CONSUMER PRODUCTS, INDIVIDUAL PLANNING|

Last year’s Black Friday weekend estimated that more than 93 million people performed their holiday shopping online, once again setting a record high according to the Adobe Analytics "2019 Holiday Shopping Trends" report. While many physical locations are still open for business, the COVID-19 pandemic has arranged online shopping to obliterate previous records. If you plan [...]

The Basics of Private Business Valuation

2020-10-22T20:36:13-05:00October 22nd, 2020|BUSINESS CONSULTING, BUSINESS TRANSACTIONS, MANUFACTURING & DISTRIBUTION|

“What is my business worth?”  That is the question every private business owner will ask at some point in time. While publicly-held businesses can instantly derive values from stock markets, the owners of privately-held businesses have no such markets available. Notwithstanding, the underlying concepts used to value public businesses are equally utilized by potential buyers [...]

CRI ALBUQUERQUE – A.J. Bowers: 75th Annual Texas Association of County Auditors Fall Conference/GASB Update

2020-10-19T15:02:34-05:00October 19th, 2020|Around Town|

CRI Partner A.J. Bowers will be discussing the updates to the Governmental Accounting Standards Board (GASB), allowing participants to determine new potential changes to accounting standards and implement those changes to comply with current GASB standards. This presentation will take place via virtual webinar on November 21, 2020.

CRI ALBUQUERQUE – A.J. Bowers: Texas CLASS Public Funds Investment Act Training/GASB Update – The Constant of Change in an Ever-Changing World

2020-10-19T14:44:48-05:00October 19th, 2020|Around Town|

On November 15, 2020, the Texas CLASS Public Funds Investment Act Training/GASB Update will be held online via virtual webinar. CRI Partner A.J. Bowers will be providing attendees of this webinar with an understanding of the GASB issued statements, how they affect the financial reporting model, and the questions to ask in order to determine [...]

CRI JACKSON – Shane Hariel: HFMA Region-9 2020 Conference

2020-10-16T11:39:52-05:00October 16th, 2020|Around Town|

CRI Partner Shane Hariel will be speaking on November 11, 2020 at the HFMA 2020 Conference via virtual webinar to healthcare finance professionals on the HHS funding streams. This presentation will cover the audit, cost report, HHS, and other funding streams.

Top 25 CPA and Advisory Firm Carr, Riggs, & Ingram (CRI) Offers Free Year-End Planning Webinars for Both Businesses and Individuals

2020-10-14T09:18:55-05:00October 14th, 2020|PRESS RELEASES|

ENTERPRISE, AL, (OCTOBER 13, 2020) – Carr, Riggs & Ingram (CRI) has announced that they will be presenting two free webinars to assist both individuals and businesses prepare for year end. The webinars, titled “Year-End Tax Planning: Optimizing Tax Benefits for 2020 and Beyond” will feature several different CRI tax partners who serve as leaders in [...]

Hospital Price Transparency

2020-10-13T15:59:26-05:00October 13th, 2020|HOSPITALS & HEALTH SYSTEMS|

What's New In late 2019, after months of discussion, CMS released its final rule on hospital transparency, mandating the disclosure of standard charges as well as negotiated rates. This update followed closely on the heels of the 2019 CMS requirement that hospitals publicly post their chargemasters and the subsequent executive order from President Trump calling [...]

PPP Guidance: Change of Ownership

2020-10-12T12:09:20-05:00October 12th, 2020|COVID-19|

The Small Business Administration (SBA) has recently issued guidance related to changes in ownership of an entity with a Paycheck Protection Program (PPP) loan. This new guidance will provide additional information and clarity regarding the PPP. Change in Ownership A change in ownership is considered to have occurred when at least 20% of the ownership [...]

Tax Implications of Debt and Equity Financing

2020-10-08T14:51:30-05:00October 8th, 2020|BUSINESS TAX|

“Cash is king” has been the motto du jour for businesses across the nation. The coronavirus pandemic hit our economy hard, and businesses that overcame the initial financial setbacks did so by having quick access to cash. Some applied for cash grants, others strengthened their cash flow practices, and some explored new ways to make [...]

CRI MONTGOMERY – Robert Miller: Alabama Association of Realtors Webinar

2020-10-06T16:18:41-05:00September 30th, 2020|Around Town|

CRI Partner Robert Miller recently spoke via virtual webinar to the Alabama Association of Realtors on September 28, 2020. This presentation covered various topics related to the COVID-19 pandemic, Paycheck Protection Program (PPP) forgiveness, and taxes related to COVID relief.

Implications of the Employee vs. Independent Contractor Decision

2020-09-28T13:51:38-05:00September 28th, 2020|BUSINESS TAX, INDIVIDUAL TAX|

Business growth, especially growth during economically trying times, is a great success and should be celebrated. But new growth can also bring a certain level of stress. To deliver promised products and services to new customers, most leaders will need to hire more workers. This responsibility can feel overwhelming, especially when leaders are unsure how [...]

IRS Takes Aim at Private Foundations

2020-09-28T11:24:16-05:00September 28th, 2020|AUDITS, REVIEWS & COMPILATIONS, NONPROFIT REPORTING STANDARD, NOT-FOR-PROFITS|

The Internal Revenue Service (IRS) has turned the old audit paradigm on its head by introducing a new enterprise, or holistic approach that allows it to more effectively target its audits. This new initiative, announced by two IRS commissioners at a tax forum held on July 10, 2020, identified over 1,000 private foundation returns associated [...]

CRI ATLANTA – Craig Thompson: Atlanta State of the Market – Debt and Equity Discussion

2020-09-24T14:56:16-05:00September 24th, 2020|Around Town|

CRI Partner Craig Thompson will be speaking during the Atlanta State of the Market webinar on September 30, 2020. This webinar will cover the following questions and more: How is the recession affecting the appetite for Atlanta CRE among private and institutional investors? How has the capital stack changed with today's markets? Which alternative funding [...]

Don’t Sleep on CECL

2020-09-28T09:25:46-05:00September 23rd, 2020|FINANCIAL INSTITUTIONS|

CECL Dashboard The daily dose of top headlines includes COVID-19, the presidential election, the Paycheck Protection Program, and now the Supreme Court's vacancy due to the passing of Justice Ruth Bader Ginsburg.  In a world filled with differing opinions on face coverings, remote learning, testing, vaccines, economic stimulus, and more, it is relatively easy for [...]

Top 25 CPA and Advisory Firm Carr, Riggs & Ingram (CRI) Prepares to Host Cybersecurity-Focused Webinar

2020-09-23T09:39:23-05:00September 23rd, 2020|PRESS RELEASES|

ENTERPRISE, AL, (SEPTEMBER 23, 2020) - Carr, Riggs & Ingram (CRI) has announced a complimentary webinar entitled, “Gone Phishing: Defending Your Organization Against Social Engineering,” featuring CRI’s Director of IT Audits and Assurance, David Mills, and CRI Partner Tyler Mills. This webinar will take place on Tuesday, October 6, 2020, at 10:00 a.m. CDT. This [...]

What’s Behind the Hype About Donor-Advised Funds?

2020-09-23T11:18:00-05:00September 22nd, 2020|NOT-FOR-PROFITS|

Donor-advised funds—a term that you may have heard popping up as of late. Though this type of charitable giving vehicle has been around since the 1930s, it has only recently experienced a boom in growth. Between 2013 and 2018, contributions to donor-advised funds increased by 86 percent. The year 2018 saw $37.12 billion in contributions [...]

Security Implications of a Remote Work Environment

2020-09-22T14:57:10-05:00September 22nd, 2020|CYBERSECURITY, INTERNAL CONTROLS|

COVID-19 has transformed the traditional office environment in 2020 by creating an army of remote workers. For many businesses, workforces will be almost entirely remote through at least the end of the year. While this model brings benefits for companies and employees alike, it also brings challenges, including the need to rethink IT security risks. [...]

Smarter Giving: Four Things to Know When Considering Charitable Contributions

2020-09-22T16:12:07-05:00September 22nd, 2020|NOT-FOR-PROFITS|

What will your legacy be? Donating to a nonprofit organization through an estate or trust is one way to ensure the cause you care about will be supported for years to come, even after you’re gone. It can be an emotional choice, but it's important to consider the financial implications of charitable giving to be [...]